The Currency Heatmap Indicator MT4 is an informational indicator for MetaTrader 4 and is designed to indicate a stronger or weaker currency relative to another. The indicator displays a table of currencies and measures their strength on the main chart. It visually displays each currency’s strength as small rectangles colored red to green on the table. Additionally, it highlights currencies with significantly stronger or weaker strength and indicates whether they are trending bullish or bearish. As a result, this allows traders to assess currency trends and make timely trading decisions. Forex traders can leverage these signals to execute trades effectively. Moreover, the indicator’s colors and timeframes are customizable, making it an invaluable asset for traders seeking to identify the strength of individual currencies.

This indicator is suitable for traders of all skill levels and across all time frames. It is designed for use with any currency pair and integrates into any forex trading system or strategy, to identify the strength of individual currencies.

Indicator Settings

How to Install Currency Heatmap Indicator MT4

Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:

The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.

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